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Showing posts with the label Sydney Morning Herald

Link farming

I'll just offer you a few links on a common theme -- further research is of course up to you. The theme today is the news market in Australia. In mid June, Fairfax Media announced what it called a restructuring -- a retrenchment might be a more apt term. Gina Rinehart, a businesswoman whose fortune was made in mining, owns a large stake in Fairfax (close to 19 percent) and she wants to have a seat on the board of directors, presumably because she can help guide the company's future in a value-maximizing way. Or simply as a matter of traditional greenmail. Either way, the Fairfax chairman isn't seeing things her way. Fairfax media is a quite diversified company. Its chief publications are The Sydney Morning Herald and The Age. Jonathan Green, a fellow who worked for The Age for 15 years, sees things this way. The above corporate news has become intertwined with a political scandal.  Peter Slipper, the Speaker of Australia's House of Representatives,...